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International automotive product testing business for sale

San Antonio, TX
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Asking Price:$4,700,000
Inventory:$50,000
Real Estate:$2,320,000
Gross Revenue:$5,300,000
FF&E:$849,000
Established Year:1955
Listing ID: 2183557Listing provided by BizBuySell
BUSINESS DESCRIPTION

This automotive product testing company located in south Texas has earned a stellar reputation with its customers over the last seven decades. The company employs over 100 people and provides independent testing on behalf of manufacturers from all over the world. Currently, 97% of their revenue is from repeat business. Despite the maturity of this business, there are several growth opportunities for a buyer to explore. The current owners are looking to retire from this business.

Revenue in 2023 was $5,049,399. The asking price for the business assets, including real estate, is $4,700,000, all cash at closing.

DETAILED INFORMATION
Location
San Antonio, TX
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
100
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The headquarters are strategically located in South Central Texas. There are two properties included in the sale with over 40,000 SF of offices and shops that were recently appraised at $2,320,000.
Competition
There are a few competitors on the international market, but the subject company has earned a unique position as a reliable and independent tester. There are also significant barriers of entry for new entrants.
Growth & Expansion
The automotive industry is constantly changing by adding new submarkets, as well as new manufacturers who are trying to enter the US market. Due to the subject business' excellent reputation as an independent tester, another strategy is to test other automotive components as well.
Financing
Some seller financing may be available depending on the strength of the offer.
Support & Training
To ensure a smooth transition, the sellers are offering one month of training and will be available for consultation for up to six months thereafter.
Reason for Selling
Owner is retiring from this business
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Stefan
Lagmark
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Stefan Lagmark
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